Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.24.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Restricted Stock Award and Unit Activity
The following table summarizes restricted stock unit activity for the Prior Successor Period and years ended December 31, 2022 and December 31, 2023:
Number of
Unvested
Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Number of
Unvested
Performance Vesting Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Unvested shares as of May 18, 2021 —  $ —  —  $ — 
Granted 200,484  66.05  153,138  48.54 
Vested —  —  —  — 
Forfeited/canceled (2,071) 66.89  —  — 
Unvested shares as of December 31, 2021 198,413  $ 66.04  153,138  $ 48.54 
Granted 78,192  96.90  37,666  66.82 
Vested (67,564) 65.91  —  — 
Forfeited/canceled (11,269) 80.11  —  — 
Unvested shares as of December 31, 2022 197,772  $ 77.49  190,804  $ 52.15 
Granted 104,901  88.59  83,820  58.39 
Vested (101,804) 75.75  —  — 
Forfeited/canceled (7,267) 91.61  (19,046) 49.37 
Unvested shares as of December 31, 2023 193,602  $ 83.89  255,578  $ 54.40 
The following table summarizes restricted stock unit activity for the Prior Predecessor Period:
Number of
Unvested
Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Number of
Unvested
Performance Vesting Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2021 1,702,513  $ 4.74  840,595  $ 4.07 
Granted —  —  —  — 
Vested (227,132) 8.45  —  — 
Forfeited/canceled (1,475,381) 4.16  (840,595) 4.07 
Unvested shares as of May 17, 2021 —  $ —  —  $ — 
Schedule of Grant Date Fair Value of Awards Granted
The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the years ended December 31, 2022 and December 31, 2023:
Grant date April 29, 2022 January 24, 2023 March 3, 2023 April 3, 2023
Forecast period (years) 3 3 3 3
Risk-free interest rates 2.87% 3.88% 4.64% 3.79%
Implied equity volatility 88.4% 87.2% 86.4% 70.8%
Stock price on the date of grant $93.98 $72.99 $82.20 $79.50